NATCOM Development and Investment Ltd Invests $1b in Nigerian Telecommunications Limited(NITEL)
According to Nigeria Communications Week NATCOM Development and Investment Limited, new owners of Nigerian Telecommunication Limited (NITEL) and its sister company, Mobile Telecommunication Limited (Mtel), has reportedly spent about $1 billion to revive the beleaguered national carrier. Mr. Olatunde Ayeni, chairman of NATCOM, said that the funds and other efforts would see the company engage 4,000…